Global X MSCI China Communication Services ETF
CHIC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- Jan 22, 2010
- CIK
- 0001432353
- Similar Companies
- Business
- Global X MSCI China Communication Services ETF (CHIC) is an exchange-traded fund that provides targeted investment exposure to large- and mid-capitalization companies within China's communication services sector as represented by the MSCI China Communication Services 10/50 Index. The fund tracks the index, which incorporates eligible securities from the MSCI China Index including China A shares (limited to those in Stock Connect programs), B shares, H shares, Red chips, P chips, and foreign listings such as ADRs and GDRs; the index is free float-adjusted market capitalization weighted with a 10% cap on the largest group entity and a 50% aggregate cap on group entities exceeding 5% weight. Core holdings as of December 31, 2023, feature leading firms such as Baidu Inc. (10.81%), Tencent Holdings Ltd. (8.66%), NetEase Inc. (7.47%), Kuaishou Technology (6.62%), and China Tower Corp. Ltd. (4.15%), spanning subsectors including internet software and services (48.69%), movies and entertainment (8.34%), packaged software (7.59%), information technology services (6.89%), and specialty telecommunications (4.43%). The ETF offers investors efficient, single-trade access to dozens of communication services companies in China, the world's second-largest economy by GDP, focusing on growth and value stocks across diversified market capitalizations. It exhibits characteristics such as 32 holdings, a total expense ratio of 0.65%, semi-annual distributions, and trading on NYSE Arca under ticker CHIC with CUSIP 37950E804. Geographically, the fund concentrates on Chinese equities with operations primarily in mainland China, Hong Kong, and select international listings, targeting institutional and retail investors seeking China sector-specific exposure amid emerging market volatility. Originally launched on December 8, 2009, as the Global X NASDAQ China Technology ETF, CHIC underwent a significant strategic shift on December 6, 2018, with a name change, investment objective modification, and transition to tracking the MSCI China Communication Services 10/50 Index from prior technology-focused benchmarks. In a major operational change, Global X Management Company LLC, the fund's adviser headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158, announced the liquidation of CHIC alongside other underperforming China sector ETFs on January 19, 2024; trading ceased at the end of February 16, 2024, with liquidation and cash distributions to shareholders completed around February 23, 2024, bearing all related costs except brokerage fees. Prior to closure, the fund managed approximately $5.46 million in assets and had transferred to NYSE Arca to align with Global X's China suite.